Pangaea Logistics Solutions, Ltd. reported earnings results for the fourth quarter ended December 31, 2023. For the fourth quarter, the company reported sales was USD 9.6 million compared to USD 10.58 million a year ago. Revenue was USD 131.88 million compared to USD 127.92 million a year ago.

Net income was USD 1.14 million compared to USD 15.5 million a year ago. Basic earnings per share from continuing operations was USD 0.03 compared to USD 0.35 a year ago. Diluted earnings per share from continuing operations was USD 0.03 compared to USD 0.34 a year ago.